Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employees of the Corporation on the following basis:
(a) Employees leaving the service of the Corporation, other than on retirement, and who have completed ten (10) years of service or more, shall be paid two (2) days' pay for each year of service.
(b) Employees retiring from the service of the Corporation shall be paid at the rate of four (4) days' pay for each year of service with the Corporation.
(c) For the purpose of Service Severance Pay, the following definitions shall apply:
Service Severance Pay. (a) A regular employee who has received written notice of layoff shall, within five
Service Severance Pay. (a) It is agreed and understood that "Service Severance Pay" shall be paid employees of the Employer on the following basis:
(1) Employees leaving the service of the Employer, other than on retirement or under the provisions of Section (d) of Article 20, and who have completed eight (8) years of service or more, shall be paid one (1) day's pay for each year of service.
(2) Employees retiring from the service of the Employer shall be paid at the rate of three (3) days' pay for each year of service with the Employer. For the purpose of this Article, Service Severance Pay accumulation shall be from date of hire.
(b) For the purpose of Service Severance Pay, the following definitions shall apply:
Service Severance Pay. 32 20.01 Retirement ............................................................................................... 32 20.02 Service Severance Paid to the Estate ....................................................... 32 20.03 Effective Date ........................................................................................... 32 20.04 Definitions ................................................................................................ 32 ARTICLE PAGE
Service Severance Pay. 31 17 SENIORITY ................................................................................................................ 32 Calculation of Seniority ..................................................................................... 32 Seniority List ...................................................................................................... 33 Retention of Seniority ....................................................................................... 33 Loss of Seniority ................................................................................................ 33
Service Severance Pay. (a) Subject to paragraph (b), it is agreed and understood that "Service Severance Pay" shall be paid employees of the Employer on the following basis:
(i) Employees leaving the service of the Employer, other than on retirement, and who have completed ten (10) years of service or more shall be paid two (2) days' pay for each year of service.
(ii) Employees retiring from the service of the Employer shall be paid at the rate of five (5) days' pay for each year of service with the Employer.
(iii) In the event of death of an employee who has established a service severance credit after ten (10) years of service as provided for herein, any such credit monies due will be paid to the employee's estate. For the purpose of Service Severance Pay, the following definitions shall apply:
Service Severance Pay. (i) Employees leaving the service of the Employer, other than on retirement, and who have completed ten (10) years of service or more shall be paid sixteen (16) hours' pay for each year of service.
(ii) Employees retiring from the service of the Employer shall be paid at the rate of forty (40) hours' pay for each year of service with the Employer. (definition of a "Day's Pay" is not applicable)
Service Severance Pay. A regular employee who has received written notice of lay-off shall, within five (5) calendar days, elect to: • exercise his seniority rights for bumping purposes; or • accept lay-off. If the employee accepts lay-off, he shall, within thirty (30) calendar days from the effective date of lay-off, elect to: • either retain seniority rights of lay-off and recall; or • accept severance pay. Entitlement to, and severance pay for each regular employee will be as follows:
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid employees of the Employer on the following basis:
(i) Employees leaving the service of the Employer, other than on retirement, and who have completed ten (10) years of service or more; shall be paid two (2) days' pay for each year of service.
(ii) Employees retiring from the service of the Employer shall be paid at the rate of five (5) days' pay for each year of service with the Employer.
(iii) In the event of death of an employee who has established a service severance credit after ten (10) years of service as provided for herein any such credit monies due will be paid to the employee's estate. For the purpose of Service Severance Pay, the following definitions shall apply:
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employeesof the Board on the following basis:
(a) Employees leaving the service of the Board, other than on retirement, and who have completed ten (10) years of service or more, shall be paid two (2) days' pay for each year of service.
(b) Employees retiring from the service of the Board shall be paid at the rate of four (4) days' pay for each year of service with the Board.
(c) For the purpose of Service Severance Pay, the following definitions shall apply:
